The service sector continued to show healthy signs of expansion in 2012, with a seasonally adjusted PSI for March at 53.9.
Economy & Tax
Holding its own – PMI
Manufacturing activity continued to show healthy levels of expansion, with a seasonally adjusted PMI for March at 54.5.
Economic outlook improving slowly
A slowly stabilising global economy and positive levels of activity in New Zealand agricultural exports indicate slightly better economic prospects, according to the BusinessNZ Planning Forecast for the March quarter 2012.
Building momentum – PSI
The service sector showed further momentum with a healthy February result, with the seasonally adjusted PSI for February at 55.5.
Plans for competitive economy welcomed by business
BusinessNZ welcomes the announcement of a new Ministry of Business, Innovation and Employment.
Turning the corner? – PMI
Manufacturing activity experienced a sizeable lift in activity for February, with a seasonally adjusted PMI for February was 57.7.
Mature debate on benefits needed
A mature debate is needed on New Zealand’s benefit system, says BusinessNZ.
Sun shines on service sector – PSI
The service sector showed stronger expansion to start the year, with a seasonally adjusted PSI for January at 53.6.
Crafar decision raises fairness and neutrality concerns
The High Court judgment on the Shanghai Pengxin bid for the Crafar farms raises difficult questions that could reduce future confidence to invest by overseas investors, says BusinessNZ.
The tale of two manufacturers – PMI
Manufacturing activity remained in expansion but clear division lines are drawn,with a seasonally adjusted PMI for January at 50.5.
Treasury briefing sound and orthodox advice
Treasury’s briefing to the incoming Government is well focused on restoring the economy to growth, says BusinessNZ.
Joint Aust/NZ productivity study welcomed
BusinessNZ and the Australia NZ Leadership Forum have welcomed the announcement of joint work by the Productivity Commissions of New Zealand and Australia.